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Replacing "On-Us" Check with Cashier's Check

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If a non-customer brings in an "on-us" check and wants to replace that check with cashier's check, who should the remitter be?

There is no requirement to perform such a transaction and I would not do it without a hefty fee. What a bank shows as a remitter on a check is purely a bank procedures. There is no regulatory or statutory requirement to show a remitter.

First published on 05/15/2016

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